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Home ownership: Indigenous home ownership program key data

Indigenous home ownership program key data

Safe and secure housing is a key step in establishing economic independence and building inter-generational wealth. Indigenous Business Australia (IBA) supports Aboriginal and Torres Strait Islander people to grow their wealth and economic self-sufficiency through home ownership.

Under the Indigenous home ownership program, IBA provides loans to eligible low-income Aboriginal and Torres Strait Islander people who are unable to borrow all of the required funds from another mainstream lender (for example, a bank or credit union).

IBA supports eligible Aboriginal and Torres Strait Islander families to purchase:

  • an established residential property
  • an established residential property and upgrade, and
  • land and construct a new home.

See www.iba.gov.au/home-ownership/about-iba-home-loans/ for further information about the Indigenous home ownership program, and the IBA Annual Reports for more detailed information.